MetroPCS (PCS -6.4%) sold off on high volume after announcing it will offer a mobile broadcast...

|By:, SA News Editor

MetroPCS (PCS -6.4%) sold off on high volume after announcing it will offer a mobile broadcast TV service called Dyle; service will initially be offered via a Samsung Android phone. The epic failure of Qualcomm's (QCOM) FLO TV service (I, II) could have investors on edge, though given rival Leap Wireless (LEAP -7.2%) posted an even larger decline, selling from M&A speculators could also be a factor.